EFIV News and Press, SPDR S&P 500 ESG From 03/11/23

2023-03-11 23:21:00 ET Summary Climate change poses many risks to society and industries, whether it’s elevated weather uncertainty and physical damage from global warming or business-model disruptions in the transition to a lower-carbon economy. When sizing carbon allowanc...

2023-03-11 02:24:27 ET Summary The Fed “pivot” which is “higher for longer” and the implications. We believe that the Fed is well aware of the need for a continued hiking process and therefore staying “higher for longer”. Volatility mo...

2023-03-10 02:52:00 ET Summary Inflation is not moving down as much as people are anticipating. Labor is showing signs of resilience and strength. The leading indicators are telling us that although things are looking good now, that may not hold up as we get to the back half o...

2023-03-09 03:17:00 ET Summary Put in a logical sequence, dividends should be the last step in the business sequence, since they represent residual cash flows. The most intuitive way to think about potential dividends is to think of it as the cash flow left over after every concei...

2023-03-08 22:05:00 ET Summary Over the past couple of sessions as the market has awaited Fed Chair Powell’s testimony, the S&P 500 has not seen particularly large gaps at the open. The moves in the past couple of sessions have essentially been the opposite of what is h...

2023-03-07 22:53:00 ET Summary Fed Chair Powell’s testimony on Capitol Hill over the next couple of days will be the main focus of the market. Hawkish commentary generally tends to be received poorly by the market with the S&P falling an average of 7.5 bps on those days...

2023-03-07 03:47:00 ET Summary The S&P 500 recovered a large portion of the ground in lost in the trading week ending on 3 March 2023. The CME Group's FedWatch Tool continued to project three consecutive quarter-point rate hikes at the Fed's upcoming 22 March, 3 May and 14 Jun...

2023-03-06 08:05:00 ET Summary Investors need to rethink how they approach ESG investing and which strategies they will implement, especially when we are thinking about the "E". Under the current framework, investors favor companies which have well-documented ESG strategies and ar...

2023-03-06 04:15:00 ET Summary The Q4 2023 S&P 500 EPS growth is still reflecting 10% y.y, and it has not been revised down even though Q1 and Q2 ’23 EPS estimates continue to be revised lower. The Friday, March 10th, 2023 nonfarm payroll report is expecting +210,000 &#...

Summary Stronger economic indicators released over the past month suggest that the economy started the year off solidly with no recession in the near term. After a couple of weak months, consumer spending jumped for January. Continued modestly above-trend economic growth is occurrin...